DeBartolo Entertainment and Hollywood Casino Corporation announce spectacular destination resort complex in Bossier City, Louisiana.DALLAS--(BUSINESS WIRE)--Aug. 15, 1996--DeBartolo Entertainment and Hollywood Casino Corporation (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :HWCC HWCC Hazardous Waste Consultative Committee (Australia) HWCC Harpoon Weapons Control Console HWCC Hardware Closed Caption ) today announced proposed plans for the state's largest riverboat riv·er·boat n. A boat suitable for use on a river. gaming and entertainment complex in Louisiana, to be built in Bossier City, Louisiana Bossier City is a city in Bossier Parish, Louisiana, United States. [1] [2] As of the 2000 Census, the city had a total population of 56,461. Bossier City is closely tied to its larger sister city Shreveport, located on the western bank of the Red River. . Pending license approval by the Louisiana Gaming Control Board Gaming Control Board or "GCB" is a governmental body or agency charged with regulating casino and other types of gaming in a defined geographical area, usually a state, and of enforcing gaming law in general. , the two companies in a joint venture project will build the Hollywood Casino Resort at Cane's Landing on approximately 170 acres strategically located on the Red River. The proposed $220 million resort complex will include the following: 200,000 square foot highly-themed retail entertainment center, Riverport at Cane's Landing 80,000 square foot highly-themed pavilion building 30,000 square foot Casino Riverboat with complete gaming facilities 10,000 seat amphitheater 500-room hotel with 30,000 square foot convention facility 18-hole golf course and club house 100-slip marina with marina taxis to downtown Shreveport and other riverboats in Bossier City Bossier City (bō`zhər), city (1990 pop. 52,721), Bossier parish, NW La., on the Red River, across from Shreveport, with which it is connected by several bridges; inc. 1907. Barksdale Air Force Base, home of the Second U.S. and Shreveport. DeBartolo Entertainment and the Simon DeBartolo Group will develop Riverport at Cane's Landing, the highly-themed retail entertainment center adjacent to the casino. Riverport at Cane's Landing, will be anchored by movie theaters and large-sized themed retailers and is planned to become a major attraction. The center would be developed and operated by the recently merged Simon DeBartolo Group which is the largest public real estate company in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . Hollywood Casino Resort at Cane's Landing is expected to have a significant impact on the local and state economy. The entertainment complex will provide approximately 2,500 full-time jobs. The project will be highly themed around famous movies and Hollywood memorabilia. Hollywood Casino Corporation is one of the nation's largest collectors of authentic movie and television memorabilia. "This project is the largest destination resort that's ever been announced for the state of Louisiana CODE, OF LOUISIANA. In 1822, Peter Derbigny, Edward Livingston, and Moreau Lislet, were selected by the legislature to revise and amend the civil code, and to add to it such laws still in force as were not included therein. . This will start the conversion process of changing the Shreveport/Bossier City market from a day tripper to a destination resort market," said Jack E. Pratt, Chairman and Chief Executive Officer of Hollywood Casino Corporation. "These longer-stay customers will have a tremendous economic impact, not only on the Hollywood Casino Resort at Cane's Landing, but on local businesses, as well. By teaming up with DeBartolo Entertainment and the Simon DeBartolo Group, we have a strong financial partnership combined with the most spectacular casino concept and the most successful retail concept in the United States." "The State of Louisiana has been a special place to do business for the DeBartolo family and its related companies, and we look forward to carrying on that legacy with the development of a one-of-a-kind gaming resort and retail entertainment venue," related Edward J. DeBartolo, Jr., Chairman and Chief Executive Officer of DeBartolo Entertainment. Added Mel Simon, Co-Chairman of the Simon DeBartolo Group, "The vision for an entertainment/retail center as a part of this development is certainly consistent with our experience of meshing retail with other attractions, including gaming. Our successful development of the Forum Shops at Caesar's Palace in Las Vegas is evidence of that approach." Mayor George Dement de·ment tr.v. de·ment·ed, de·ment·ing, de·ments 1. To make (a person) insane. 2. To cause (a person) to lose intellectual capacity. of Bossier City also stated, "I want to reiterate to you my desire that we, the City of Bossier City, work with you in this cooperative endeavor to ensure a first-class, "must see" casino entertainment and resort complex." The Simon DeBartolo Group has extensive experience in developing and managing retail properties including the Forum Shops in Las Vegas, one of the most successful shopping centers in the world; and four significant shopping interests in Louisiana. Simon DeBartolo Group also developed the highly successful Mall of America Mall of America (also MOA, MoA, or the Megamall) is a shopping mall located in the Twin Cities suburb of Bloomington, Minnesota. It is just southeast of the junction of Interstate 494 and Minnesota State Highway 77, and is across the interstate from the just outside Minneapolis. Hollywood Casino Corporation currently owns and operates the Hollywood Casino in Aurora, Illinois; Hollywood Casino in Tunica, Mississippi; and through its 80.1% ownership of the Pratt Hotel Corporation, the Sands Hotel and Casino in Atlantic City, New Jersey “Atlantic City” redirects here. For other uses, see Atlantic City (disambiguation). Atlantic City is a city in Atlantic County, New Jersey, USA. Famous for its boardwalk and casino gambling, it is a resort community located on Absecon Island on the coast of the . The company, based in Dallas, Texas, has over 7,000 employees. DeBartolo Entertainment is a privately-held development company (DBE DBE abbr. Dame Commander of the British Empire DBE Dame (Commander of the Order) of the British Empire ) created by the Edward J. DeBartolo, Jr. family in 1995 to capitalize on the explosive growth of the entertainment-based real estate development. In addition, the company creates speciality retail and food and beverage F&B is a common abbreviation in the United States and Commonwealth countries, including Hong Kong. F&B is typically the widely accepted abbreviation for "Food and Beverage," which is the sector/industry that specializes in the conceptualization, the making of, and delivery of foods. concepts for tenancy in future developments and refines sports marketing programs into speciality uses within the real estate development context. Simon DeBartolo Group owns, develops, manages, leases, expands, and acquires regional malls, community shopping centers and specialty and mixed-use properties throughout the United States. It currently owns or has interest in 184 properties which consist of existing regional malls, community shopping centers, and specialty and mixed-use properties containing an aggregate of 110 million square feet of gross leasable area Gross leasable area (GLA) in the retail development industry is a term applied to shopping malls, lifestyle centers, outlet malls and other retail centers to indicate the amount of floor space available to be rented. in 33 states. Simon DeBartolo Group, together with its affiliated management company, manages approximately 127 million square feet of gross leasable area in retail and mixed-use properties. CONTACT: Hollywood Casino Corporation Eric Terry Corporate Director of Marketing (214) 392-7777 or DeBartolo Entertainment Mark Rivers Senior Vice President of Development (415) 286-9600 or Morgen-Walke Associates Christine DiSanto/Josette Tuil Media Contact: Stan Froelich (212) 850-5600 |
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